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-Refer to Figure 5

Question 108

Multiple Choice

-Refer to Figure 5.5.Using the midpoint method,if the price of a gardenburger is increased from $8 to $10,the price elasticity of demand equals A) 0.036. B) 0.5. C) 4.5. D) 9.0.
-Refer to Figure 5.5.Using the midpoint method,if the price of a gardenburger is increased from $8 to $10,the price elasticity of demand equals


A) 0.036.
B) 0.5.
C) 4.5.
D) 9.0.

Correct Answer:

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